CAPITAL MARKETS

Easing restrictions lifts sentiment

Nordic explorer Mawson Resources among market risers

Staff reporter
 Finland-focused explorer Mawson Resources was among the market risers

Finland-focused explorer Mawson Resources was among the market risers

Most commodity prices rose yesterday on the London Metal Exchange, where copper gained more than 1%.

The global number of COVID-19 cases has risen above 3 million, according to Johns Hopkins University, while the World Health Organisation put the figure yesterday about 2.88 million and noted Spain had changed its reporting criteria which meant a decrease of 12,130 cases.

The S&P 500 had closed up 1.47% yesterday, the FTSE 100 rose 1.64% and Japan's Nikkei 225 closed up 2.71%.

Metals and mining equities were up 1.9% in Toronto yesterday.

Among the market risers, Mawson Resources (TSX: MAW) continues to climb.

The Finland-focused explorer hit a 52-week high yesterday and closed up more than 45%, with no news since last week's report of finding a new, high-grade gold and cobalt zone at its Rajapalot project.

Guyana Goldfields (TSX: GUY) shot up 39.7% as it agreed to an acquisition by Silvercorp Metals to create a diversified precious metals producer.

The gold price has softened but remains above US$1,700 an ounce and was trading about $1,712/oz earlier.

Gold major Newmont (NYSE: NEM) closed down 0.79% yesterday but remains near a nine-year high.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.